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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

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Volkswagen : plans small electric car for the masses

11/27/2020 | 05:17am EST
FILE PHOTO: VW shows electric SUV

BERLIN (Reuters) - Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era.

Under the project dubbed "Small BEV (Battery Electric Vehicle)", engineers are racing to develop a purely-battery powered car around the size of a Polo which will be available for between 20,000 and 25,000 euros ($24,000-30,000).

This would make it cheaper than Volkswagen's ID.3 electric car, which went on sale in September.

Volkswagen did not provide details on what the vehicle might look like, when it might be launched or where it might be built.

The carmaker has said the European Union's more stringent emissions targets will force it to boost the proportion of hybrid and electric vehicles in its European car sales to 60% by 2030, up from a previous target of 40%.

Earlier this month, it raised its planned investment on digital and electric vehicle technologies to 73 billion euros ($86 billion) over the next five years, of which around 35 billion will be invested in e-mobility.

The VW brand currently plans to build 1.5 million electric cars by 2025.

($1 = 0.8386 euros)

(Reporting by Jan Schwartz; Writing by Caroline Copley; Editing by Kim Coghill)


© Reuters 2020
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Financials
Sales 2020 218 B 264 B 264 B
Net income 2020 4 354 M 5 257 M 5 257 M
Net cash 2020 22 728 M 27 444 M 27 444 M
P/E ratio 2020 17,6x
Yield 2020 1,95%
Capitalization 80 864 M 97 768 M 97 643 M
EV / Sales 2020 0,27x
EV / Sales 2021 0,23x
Nbr of Employees 664 196
Free-Float 56,8%
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Volkswagen AG Technical Analysis Chart | VOW3 | DE0007664039 | MarketScreener
Technical analysis trends VOLKSWAGEN AG
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 176,53 €
Last Close Price 151,88 €
Spread / Highest target 62,6%
Spread / Average Target 16,2%
Spread / Lowest Target -7,82%
EPS Revisions
Managers and Directors
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter PŲtsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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